Monday, November 21, 2022 9:47:01 AM
The balance sheet and cap structure shows that this management team did a toxic financing which means the stock will go down. That is 100% sure to occur because toxic financings benefit the financier because the stock is given by the company to the financier at a discount to market.
The financier sells the stock, even at a lower price than the market and they guarantee themselves a profit.
That is how and why you see 0001 a share price for some stocks.
Another reason this stock will go down is because I once spoke to the CFO - he was is stupid he has no right being an officer of a public company.
I am guessing that he is an accountant and the CEO hired him to be a figurehead.
Anytime a CFO is stupid you get stupid decisions and then the stock goes down.
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